Korean rocket startup Innospace to launch Brazilian military payload
Summary
Innospace has signed a contract with the Brazilian Department of Aerospace Science and Technology (DCTA) to conduct the suborbital test flight of HANBIT-TLV to carry an inertial navigation system called SISNAV.Hybrid rocket technology is used for a better outcomeInnospace is developing Hanbit, a small satellite launcher powered by its hybrid 15-ton rocket engine. The 16.3-meter test rocket weighs 9.5 tons and will be thrust by a single 15-ton engine that uses liquid oxygen and paraffin-based propellants. If the upcoming test launch is successful, we will start preparing for a test launch of Hanbit-Nano, Innospace spokesperson Kim Jung-hee said to the media.Innospaces SISNAV is a navigation device that measures the rockets flight position, speed, and attitude. The test launch will enable DCTA to verify if the device works appropriately during takeoff and trans-atmospheric flight.Founded in 2017, Innospace has raised $27.76 million (35.2 billion won) in B funding from key investors, including capital Kolon Investment, Company K Partners, Intervest, Future Play, Schmidt, SV Investment, L&S Venture Capital, and Tony Investment. Innospace signed a memorandum of understanding with Norwegian And\xf8ya Space in Janaury to launch its rockets into polar and sun-synchronous orbits from Norway.